Lear Corporation (LEA)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	2,464,500	2,750,000	2,750,000	2,600,000	2,600,000	2,600,000	2,600,000	2,600,000	2,868,600	2,306,300	2,310,900	2,315,600	2,633,300	2,299,800	2,302,700	2,306,800	2,293,700	2,339,000	2,339,000	1,965,600
Total assets	US$ in thousands	14,695,500	14,613,700	14,798,500	14,404,200	13,763,000	13,379,200	13,345,400	13,727,300	13,352,400	13,046,000	13,263,700	13,422,500	13,198,600	12,894,700	12,269,000	13,022,300	12,680,700	12,753,300	12,847,700	12,362,000
Debt-to-assets ratio		0.17	0.19	0.19	0.18	0.19	0.19	0.19	0.19	0.21	0.18	0.17	0.17	0.20	0.18	0.19	0.18	0.18	0.18	0.18	0.16

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,464,500K ÷ $14,695,500K
= 0.17

The debt-to-assets ratio of Lear Corp. has been consistently stable at around 0.19 from Q4 2022 to Q3 2023. This ratio indicates that approximately 19% of Lear Corp.'s total assets are financed by debt. A ratio of 0.19 suggests that the company is not overly reliant on debt to fund its operations and investments, which can be a favorable indicator of financial health. However, it is important to note that the interpretation of this ratio can vary between industries and individual company circumstances. Overall, a consistent debt-to-assets ratio at this level indicates a balanced capital structure for Lear Corp.